Stock currently in upward channel and may break. Since Wave 4 in parallel channel usually end between wave 1 and 2.
Long on dip towards 250-30 Stop loss is wide 190
Target of Wave 5 350
Further long term targets based on trend lines 430 and 615
Disclaimer: Calculated and plotted values may differ little with actual stock movement. This investment/trade may not...
Finolex cables has bounced off from an important support zone & also broken the down trend line. look to buy at any kind of retracement upto 420 - 440 zones for a target of 550 - 560.
this is just my view.... trade according to your own risk management.